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Two-Unit Mixed-Use Building
For Sale
$178,000

16583 S Us Highway 27, Lansing, MI 48906

A newer roof, upgraded windows and siding, and a separate commercial entrance distinguish the building’s improvements.

Property Size2,744 SF
Price / SF$64.87
Days on Market83

Property Features for 16583 S Us Highway 27

General Information

Standard status Active
Size 2,744 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,710

Building Details

Building Size 2,744 SF
Year Built 1950
Units 1
Listed By: JEFF Gates
Source: Housewant
Added: Aug 7 Changed: Oct 27 Last Checked: Oct 26 at 6:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JEFF Gates

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Investment Insights

Based on property information with market context.

Built in 1950, this freestanding mixed-use property is arranged as two units, with the layout offering potential for a third space. Improvements include a newer TPO roof, high-efficiency windows, updated siding, and a commercial entrance on the side of the building.

The property fronts the Old US-27 corridor, with access to US-127, I-69, I-496, and I-96. Its existing two-unit configuration and building upgrades provide the key physical features for evaluating the space.

Key Highlights

  • Freestanding building currently configured as 2 units, with potential to create a third space
  • Newer TPO roof, high‑efficiency windows, updated siding, and a side commercial entrance
  • Located along the Old US‑27 corridor with access to US‑127, I‑69, I‑496, and I‑96

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Restaurant Law Firm Storage Facility HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 48906, MI

25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A newer roof, upgraded windows and siding, and a separate commercial entrance distinguish the building’s improvements.
Where is this mixed-use property located?
The property is located at 16583 S Us Highway 27 Lansing, MI.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Freestanding building currently configured as 2 units, with potential to create a third space; Newer TPO roof, high‑efficiency windows, updated siding, and a side commercial entrance; Located along the Old US‑27 corridor with access to US‑127, I‑69, I‑496, and I‑96
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